What is a Gold Mandate License?
What is a Gold Mandate License? is a mandatory document that is levied by the government to be paid by all buyers and mandates (Minmidt.com) who wants to trade in precious metals (gold, diamonds, silver, bronze, aluminum, bronze etc.). Gold Mandate License, the government is the guardian and protects all parties concerned against any business malpractice and economic dishonesty. Especially when dealing with foreign companies and buyers. We have in our storage / safe keeping the precious metals of all registered and reliable suppliers and their safe keeping receipts is at the National Treasury.
The reason why we the government keeps the precious metals of miners is also mainly due to security problems. As there have been constant attacks and stealing from pirates and robbers who have been ambushing local miners and do away with their precious metals. and even attacking Bullion Vans (transport vehicles) killing workers and local security agents. So, what is a Gold Mandate License? the local miners decided to seek our security and also we use the safe keeping house at ministry department of mines, geology and technological development to stock their reserves of precious metals for security reasons.
Gold Mandate license in Cameroon
GOLD MANDATORY LICENSE PRICE
So the total cost for the mandate license for 5 years will be $250 for application fee plus $10,000 for the mandate license making a total of $10,250
Then total cost for the mandate license for 3years will be $250 for application fee plus $7,000 for the mandate license making a total of $7,250
So the total cost for the mandate license for 1years will be $250 for application fee plus $4,500 for the mandate license making a total of $4,750
